by ricardo@optionelements.es | Ene 25, 2021 | Sin categoría
Futures are pulling back to 3840 after touching 3852 in the overnight session. The Call Wall shifts (by the slightest of margins) to 3900 in SPX, but holds at 385 in SPY. The major risk level is 3775, with 3800 being the largest options strike and major support. The... 
by ricardo@optionelements.es | Ene 22, 2021 | Sin categoría
by ricardo@optionelements.es | Ene 22, 2021 | Sin categoría
Futures have pulled back to the 3825 area, with the key SG range unchanged: 3800-3850. There was large “straddle” type volume at 3850 yesterday wherein ~40k each of puts and calls traded at that strike. That seems to have essentially filled in that 3850 level overhead... 
by ricardo@optionelements.es | Ene 21, 2021 | Sin categoría
Futures are holding 3850 – just a bit off of overnight highs of 3860. The Call Wall holds 3850/385 which indicates the market opens at resistance, with the SG Implied move down at 77bps vs 1.18 yesterday. This forecasts a much tighter trading range today. 3900 did... 
by ricardo@optionelements.es | Ene 20, 2021 | Sin categoría
Futures have held 3800 overnight after a quiet session. Data from yesterday show a small build in call positions, with 3800 still holding as the large “base”. Gamma notional levels remain quite light across all indicies, with 3775 reforming as the critical risk... 